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Who Eneded Up With All The Money In The Madoff scandal?

If Madoff doesn't have it, then where did it go? Think of money being dropped into a jar with people in it. The people spend the money, but someone swindles it from them. Where did the money go?

8 Answers

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  • Alex M
    Lv 5
    1 decade ago
    Favorite Answer

    Usually with these types of schemes, B's money is given to A, C's is given back to B, D's is given back to C, and so forth. The problem is when you get to Z, there is no one left to pay back Z, and the bubble is popped. This is why pyramid and Ponzi schemes are illegal. Sooner or later, there is no one left to keep the cycle going and whoever is at the end will lose everything.

  • gunner
    Lv 6
    1 decade ago

    you always need another "PATSY" in line in order for this PONZIE scam to work. When he coulnd't con anymore people that was the end of the scam and him. He should have invested some of his money into a villa in brazil and a new identity, he wasn't to smart when it came down to his exit stratigy. That is the oldest and easiest scam in the world

  • Yaya
    Lv 7
    1 decade ago

    Yeah!

    Who madoff with all the money?

    Hope you and yours have a wonderful holiday! Merry Christmas!

  • 1 decade ago

    The people at the top of this pyramid. The poor people at the bottom join and pay up.

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  • Anonymous
    1 decade ago

    The early investors received some, the market sinking made much of it evaporate.

  • Anonymous
    1 decade ago

    Good one, Yaya , Merry Christmas one and all.

  • 1 decade ago

    To his family and friends.

  • Anonymous
    1 decade ago

    He lost it all

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